Journal ArticleDOI
Economic Growth and Financial Sector Development: An Indonesian Story
Reads0
Chats0
TLDR
In this paper, the relationship between the finance sector development and economic growth was analyzed using econometric analysis on some selected indicators of Indonesian financial sector during the period 1988-2013.Abstract:
What is the relationship between the finance sector development and economic growth? This paper is intended to analyze a fewer number of important financial factors using econometric analysis on some selected indicators of Indonesian financial sector during the period 1988–2013. This paper then tries to check whether the identified financial factors development cause economic growth or economic growth causes financial factors development. The Granger–Causality test shows that no financial factor significantly causes economic growth; rather economic growth causes the financial sector development during the period. In general, the financial sector of Indonesia is being unstably deepened with response to the demand of economic growth since 1988.read more
Citations
More filters
Posted Content
Re-Visiting Financial Development and Economic Growth Nexus: The Role of Capitalization in Bangladesh
TL;DR: In this article, the authors revisited the relationship between financial development and economic growth in Bangladesh by incorporating trade openness in production function using quarter frequency data over the period of 1976-2012.
Posted Content
Information heterogeneity, housing dynamics and the business cycle
TL;DR: In this paper, the authors introduce information heterogeneity into a standard dynamic stochastic general equilibrium (DSGE) model with financial frictions, which generates an amplified effect of technology shocks on house prices, which accounts for the disconnect between house prices and the discounted sum of future rents.
References
More filters
Journal ArticleDOI
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
David A. Dickey,Wayne A. Fuller +1 more
TL;DR: In this article, the limit distributions of the estimator of p and of the regression t test are derived under the assumption that p = ± 1, where p is a fixed constant and t is a sequence of independent normal random variables.
The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
Journal ArticleDOI
Bounds testing approaches to the analysis of level relationships
TL;DR: In this paper, the authors developed a new approach to the problem of testing the existence of a level relationship between a dependent variable and a set of regressors, when it is not known with certainty whether the underlying regressors are trend- or first-difference stationary.
Journal ArticleDOI
Likelihood ratio statistics for autoregressive time series with a unit root
David A. Dickey,Wayne A. Fuller +1 more
Journal ArticleDOI